Chapter 13 Bankruptcy: A Matter of Definition

Chapter 13 Bankruptcy: A Matter of Definition

Carey of the U.S, Bankruptcy Court for the District of Delaware in In re Exide Technologies, Case No. 13-11482 (Adv. No. 17-51826. site usage to industrial operations only. Exide filed a Chapter 11.

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The chapter of the Bankruptcy Code providing for adjustment of debts of a "family farmer," or a "family fisherman" as those terms are defined in the Bankruptcy Code. chapter 13 The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income.

Some of the biggest players in distressed debt are proposing a $35-billion plan that would allow California utility giant PG&E Corp. to emerge from bankruptcy within a year, according to sources.

So why would Congress make it harder for disabled veterans who need bankruptcy protection? In 2005, Congress changed the bankruptcy code to force those with income levels at or above the median in.

However, sometimes Chapter 13 bankruptcy is the only option because a debtor isn’t eligible for chapter 7 bankruptcy. Here are some good reasons to file for Chapter 13 bankruptcy. You Aren’t Eligible for Chapter 7 Bankruptcy. Some debtors cannot file for Chapter 7 bankruptcy-leaving Chapter 13 bankruptcy as the only option.

Chapter 13 bankruptcy allows private individuals to keep your property but must pay back a portion or the entirety of their debt over a 3- to 5-year period. Because the person pays most, if not.

This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.

Chapter 13 Bankruptcy: A Matter of Definition April 26, 2019 A recent court of appeals decision could impact creditors in Chapter 13 bankruptcy cases-and it all comes down to defining the term.

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Chapter 7 bankruptcy-a "liquidation" chapter. If you cannot exempt an asset in this chapter, the bankruptcy trustee appointed to the case will sell it, return any exemption amount you’re owed, and pay your creditors with the amount that remains after deducting sales costs. chapter 13 bankruptcy-a "repayment" chapter.

Debtor-in-possession financing (DIP financing) is a special kind of financing meant for companies that are financially distressed and in bankruptcy. Only companies that have filed for bankruptcy.

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